NI signatory on Global Investors Statement on Climate Change
This week, the Investor Network on Climate Risk joined similar groups from around the world in releasing a comprehensive call for energy policies at the national and international level that will encourage increased investment in renewable energy solutions. The Global Investors Statement on Climate Change includes proposals and criteria for designing useful and forward-looking regulations and incentives that will support “investment-grade” climate change policy.
The 4-page Statement, signed by 285 investment advisors institutional investors representing more than $20 trillion in assets, and a detailed 44-page report have been sent by the sponsoring investor networks to the G20 and other governments in anticipation of the UN conference on climate change in Durban. The investor networks will use the statement and report as a central resource in their ongoing engagements with national governments.
The Statement says, in part:
Climate change presents major long-term risks to the global economy and to the assets in which we invest. At the same time, well designed and effectively implemented long-term climate change and clean energy policy (“investment-grade policies”) will not only present significant opportunities for investors in areas such as cleaner and renewable energy, energy efficiency and decarbonisation, but will also yield substantial economic benefits including creating new jobs and businesses, stimulating technological innovation, and providing a robust foundation for economic recovery and sustainable long-term economic growth…..With data from the IEA indicating that global energy-related emissions of carbon dioxide (CO2) in 2010 were the highest on record, it is clear that the need for action is urgent. However, current levels of investment in low-carbon technologies fall far short of what is needed. Private investment will only flow at the scale and pace necessary if it is supported by clear, credible and long-term policy frameworks that incentivise investments in low-carbon technologies rather than continuing to favour carbon-intensive energy sources.
Natural Investments, LLC, is pleased to be one of the signatories, on your behalf. For more, see the links above, or investorsonclimatechange.com.
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